Significant participants

“HVS Holding” S.a.r.l, which carries out commercial activity, is the owner of 14588 (87.53%) ordinary shares of “ARMSWISSBANK” CJSC, “FMTM Distribution” LTD, which carries out commercial activity, is the owner of 2079 (12.47%) ordinary shares of “ARMSWISSBANK” CJSC.

At the same time, Vardan Sirmakes through “HVS Holding” S.a.r.l. and “FMTM Distribution” LTD is beneficiary owner with 16,667 ordinary shares and Chrono Star International Participations Group Franck Muller S.a.r.l through “FMTM Distribution” LTD is beneficiary owner with its 2,079 ordinary shares.